PSE Market Summary:
The Philippine Stocks Market increased by 8.86 to close at 5,306. PSEi opened lower but slightly posted gains on the afternoon trading.
SM Prime to open SM Lanang
SM Prime Holdings, Inc. (PSE:SMPH) will open its 46th shopping mall tomorrow, Sept. 28. SM Lanang Premier, the brand new mall located in Davao, has a floor area of 144,000 sqm.
PX to contest P 1B Fine Imposed.
Philex Mining Corporation (PSE:PX) was imposed P 50 per metric ton or equivalent to P 1,034,358,971 on the solid fraction of tailings that were found accidentally discharged. The Mines and Geosciences Bureau also stated on the findings that PX "have not been remiss in carrying out the mining guidelines. PX plans to protest the imposed fees.